Marked price of an item is Rs. 800. If a shopkeeper offers two discounts, one of 10% and another of 5% on the item. How much will be the selling price of the item?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 684
Given:
Marked price = Rs 800
Two discounts are 10% and 5%
Formula used:
Selling price = Marked price × (100 - Discount)/100 ---- (1)
Calculations:
Selling price after 10% discount
Using equation (1), we get
⇒ Selling price = 800 × (100 - 10)/100
⇒ Selling price = 800 × 0.9 = Rs 720
Similarly, final selling price after 5% discount, we get
⇒ Selling price = 720 × (100 - 5)/100
⇒ Selling price = 720 × 0.95 = Rs 684